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    Common Abbreviations & Phrases

Learn common trade jargon and abbreviations

Over 30 Pubs trade abbreviations

This page will help you with understanding pub sector trade terms and common jargon.

If you are new to the trade you’ll need to know your FMT from your REO.

We understand here at Pubs Advisory Service that the pubs trade language and terms can be daunting. Use this short guide below to break down common abbreviations and pub trade jargon. Click on the links to read more about the terms in context.

  • BBPA – British Beer and Pub Association (Pubco trade body non-tenants).
  • BCF – Beer Cider Fabs, a mix of drink products
  • BDM – Business Development Manager.
  • BEISCOMM – Business, Energy and Industrial Strategy Committee.
  • BII – British Institute of Innkeeping.
  • BRM – Business Relationship Manager.
  • CCO – Code Compliance Officer (Pubco employee responsible for overseeing pubs code compliance).
  • CTCU – Cellar Temperature Control Unit.
  • Dry Rent – The rent usually expressed in a yearly figure.
  • E&ID – External and Internal Decoration.
  • FAB – Flavoured Alcoholic Beverage.
  • FMOP – Fair Maintainable Operating Profit.
  • FMT – Fair Maintainable Trade/Turnover.
  • FRI – Full Repairing and Insuring.
  • IFBB – Independent Family Brewers of Britain.
  • L&T – Landlord & Tenant (usually refers to the L&T Act 1954).
  • LYMAT – Last Year Moving Annual Total.
  • NPBD – Net Profit before Divisible Balance.
  • PCA Arbitration – A statutory system of dispute resolution (sometimes called a referral).
  • PDM – Profit Development Manager.
  • POB – Pub Owning Business (a Pubco under the code).
  • PRA – Parallel Rent Assessment (method to ensure Pubs are no worse off).
  • Pubco – Pub Owning Company (includes brewing as well as non brewing companies).
  • Pubs Code – The statute and regulations that governs the “Big 6” pubcos.
  • Rent Assessment – usually refers to a contractual right to have a rent altered for the next 3 to 5 years, sometimes called rent review
  • Rent Proposal – usually refers to a new rent offer made at the renewal of a lease
  • REO – Reasonably Efficient Operator.
  • RICS – Royal Institution of Chartered Surveyors.
  • TYMAT – This Year Moving Annual Total.
  • VOA – Valuation Office Agency (they set the rateable value of pubs).
  • Wet Rent – The extra you pay on supply tied products above normal free of tie wholesale pricing.
  • WSM – Wine Spirit and Minerals, a mix of drink products

#ukpubs #NoPubNoRent

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Resources

  • 45 Questions to ask a Pub Company
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Latest

  • Survey Reveals Majority of Consumers Favor Staying in Pubs Over Other Accommodations March 31, 2023
  • Important factors for pub customers March 29, 2023
  • Bank of England ask businesses to not raise prices. March 27, 2023
  • Stonegate announce new charges to tenants for branded glassware March 23, 2023
  • Rising prices in pubs and restaurants increasing UK inflation March 22, 2023
  • PCA issues new MRO guidance. March 21, 2023
  • Petition to reduce VAT to 10% March 20, 2023
  • A summary of expectations for the 2023 Spring Budget from the hospitality sector. March 10, 2023
  • The recent Licensing Act Consultation and what this means for hospitality businesses. March 9, 2023
  • UK pubs hope King Charles’ coronation will give industry a much-needed boost March 8, 2023

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Agreement Date Reminders

Enter your email/phone and the key date you wish to be reminded about. Then check your inbox for confirmation, you can edit your dates if you get them wrong. You will now get reminders at preset intervals of 180 days.
DD slash MM slash YYYY
Enter the date - this could be for a forthcoming rent review or the end of the agreement. When there are 6 months left you will be sent a reminder. If you are entering a date less than 6 months away you need to get help now - see our contact page above.

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